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Well, if by "real" you don't mean "constrained by the limitations of physical reality" then sure. But that also depends on what your definition of money is. Note, it might not be the same as others'.


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No. By real money I mean fait currencies

Is any money real money, by that logic?

> is real money

is it?


But that is possible with real money already?

No because this uses real money

You realise that applies to “real money” too right?

Have you considered that your use of the term "real money" undermines your position a bit?

People spend money on things with little tangible value all the time. The benchmark, IMHO, is whether others accept these things as payment. It's generally pretty hard to pay your utility bill with Farmville coins, or buy groceries with Angry Birds Mighty Eagles.


Real money would be any instrument that's based on work already performed instead of work promised to be performed in the future, i.e. not debt based.

Money is real.

As long as you can use it to buy things and pay taxes, your money is real.

No, real resources are scarce. Money is anything but -- it is issued by fiat.

Wait, what? Money is real? I thought it was just a collectively-imagined pile of IOUs to keep track of how many favors someone is owed.

If your argument reduces to "money isn't real, it just stands for something real" then I'm just not sure you and I are going to have a constructive discussion.

True, but money is not limited to the physical form.

> But is it real?

Yes. Money isn't 'real' in the sense people typically mean. It's an accounting unit, so it's exactly as real as a liter or a kilometer.


As opposed to all the "real" money in the world?

"Real money" is also like this, bank balances etc.

A lot of people are going to come in and say that money isn't real.

Which is true.

But I like to think in boolean and float terms.

0 is not real.

1 is real.

Cash in a reserve currency is ~0.9

Visa/MasterCard are also ~0.9

BTC is probably around 0.7

A shit coin is <0.5

Which is to say, it isn't real. You're right - that's not a useful stance, and all of the unreal things aren't therefore equally "real"


What is “real money” in our current system?
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